It is important to keep in mind that cryptocurrencies today are not recognized by most governments. Some governments do not allow their citizens to convert cryptocurrencies to fiat (local) currencies.

SocialChains in no way guarantees that any government or business entity will ever accept its cryptocurrency (symbol $SOCT) when it is listed.

It is the responsibility of each $SOCT owner to comply with their country’s cryptocurrency laws – including ownership and tax related. In the USA, the US Securities and Exchange Commission (SEC) has often considered cryptocurrencies to be security instruments, implying that they have inherent value and may be treated as financial instruments. Please consult the SEC’s Investor.gov website and also a qualified tax professional if you have any questions.